Innovation in Small and Medium Enterprises in the Czech Republic Cover Image

Innovation in Small and Medium Enterprises in the Czech Republic
Innovation in Small and Medium Enterprises in the Czech Republic

Author(s): Petra Koudelková
Subject(s): Economy
Published by: Fakulta podnikohospodářská, Vysoká škola ekonomická v Praze
Keywords: economic growth; development; innovation; small and medium enterprises; Czech Republic

Summary/Abstract: The success of small and medium enterprises (SMEs) is crucial for the development of the Czech economy. Czech SMEs contribute to innovation and economic growth; they provide employment opportunities and stimulate economic growth. The aim of this research is to determine the key elements of growth and innovation in Czech SMEs. A questionnaire survey of innovation in SMEs in the Czech Republic was used; the research was held in the second quarter of 2013. The research results show that innovation has a positive impact on the growth of Czech SMEs and hence it should become a top priority for the Government strategies and policies that aim to promote economic growth and business development in the Czech Republic.

  • Issue Year: 3/2014
  • Issue No: 3
  • Page Range: 31-37
  • Page Count: 7
  • Language: English